$420,000

4981 Rosalie Street, St Louis, MO 63115

  • 11,548 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1928
  • Property Lot Size Icon0.37acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $36/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

This 16-unit apartment complex offers a value-add opportunity with in-place income and strong upside. With 5 tenants currently in place and units primed for renovation, rents can be increased from the current $540 average toward market levels, targeting an estimated 10% cap rate after stabilization. The building would benefit from comprehensive electrical and plumbing upgrades, along with renovations and updates to the vacant units, making it well-suited for an investor prepared to execute a thoughtful rehab plan and unlock long-term cash flow. The property consists of sixteen 1-bedroom, 1-bathroom residential units, a highly desirable layout supported by consistent local rental demand. The total building square footage is approximately 11,548 square feet, situated on a 0.372-acre lot. Below-market rents provide upside through strategic renovations and rent repositioning to align with current market averages. Area rental data supports average market rents of approximately $756 for comparable 1-bedroom units within a 3-mile radius. Section 8 is also an option, HUD has market rent for 1 beds in St. Louis at $984 a month, providing an option for steady income. Pro-forma cap rate based on rents at $984 after renovations are 13.7%. Additional value can be created through improved property management efficiencies and stabilization. With targeted improvements, the property offers the opportunity for increased cash flow and long-term appreciation. Motivated seller will look at all reasonable offers!

Listing Status:
Pending
Date Added:
January 16, 2026
Data Last Updated:
May 21, 2026 at 3:18PM
Listing Office:
Invest St. Louis : 314-325-6201
MLS ID:
26003058
  • Appliances: Gas Water Heater
  • A/C: Central AirElectricWindow Unit(s)
  • Heating: Forced AirNatural Gas
  • Style: Historic
  • Parking: On Street
  • General: BrickHistoric
  • Originating MLS: maris2
  • School District: St. Louis City
  • County: St Louis City
  • Zoning: 5493-00-0150-0
  • Utilities: Ameren
  • Water: Public
  • Source: maris2

This listing courtesy of Invest St. Louis

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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